SpaceX said on Monday it launched an offering of senior unsecured notes and disclosed that it held about $100.8 billion in cash and cash equivalents as of June 19. Elon Musk's rockets-to-AI company debuted on the Nasdaq on June 12 after the record-setting $75 billion IPO, making it one of the world's most valuable companies.
SpaceX's record-breaking IPO fueled a trading frenzy in its first week as a public company, with its shares surging as retail investors and options traders rushed to bet on the Elon Musk-steered rockets-to-AI firm. Its shares have jumped nearly 40 per cent from its June 12 IPO price of $135, pushing its market value above $2 trillion as it briefly joined the ranks of the world's top five most valuable companies.
